As we can see price level for EURNZD now is currently at a double support level :trend support level and support level @1.7412. This gives us a bullish potential which I believe we will see a rejection off this level. Looking at bollinger band, I can see it potentially breaking the middle band heading for the upper band where we a double resistance is at (trend resistance and resistance level @1.7785. As of now, I will be looking at a bullish opportunity taking into consideration a strong resistance level at around 1.7785 price level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.